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© Copyright John Hancock Investment Management Distributors LLC. All rights reserved.

Investors should carefully consider the Fund’s investment objectives, risks, charges, and expenses before investing. For this and other information, please call 800-225-6020 or visit jhinvestments.com for a free Prospectus. Read it carefully before investing or sending money.

John Hancock Comvest Private Income Fund (“C-VEST”) or (‘the Fund”). An offering is made only by a prospectus to individuals who meet minimum suitability requirements, and which details the implications and risks of the offering of securities to which it relates. They should be read in conjunction with the C-VEST prospectus in order to fully understand the implications and risks of an investment in C-VEST. Investors are advised to carefully consider the investment objectives, risks and charges, and expenses of C-VEST before investing. A copy of the prospectus containing this and other information about C-VEST can be obtained from either the SEC’s website at http://www.sec.gov or at jhinvestments.com. In addition, the information in these materials is qualified in its entirety by reference to all of the information in the Fund’s prospectus and the Fund’s public filings with the Securities and Exchange Commission (the “SEC”), including without limitation, the risk factors. Nothing in these materials constitutes investment advice.

The Fund’s securities have not been listed on any securities exchange. You or your clients may lose money by investing in the Fund. The Fund is not intended to be a complete investment program and, due to the uncertainty inherent in all investments, there can be no assurance that the Fund will achieve its investment objectives. The information contained herein is not intended to provide, and should not be relied upon for, accounting, legal, or tax advice or investment recommendations. Prospective investors should also seek advice from their own independent tax, accounting, financial, investment, and legal advisors to properly assess the merits and risks associated with an investment in the Fund in light of their own financial condition and other circumstances.​

An investment in the Fund is speculative and involves a high degree of risk. There can be no guarantee that the Fund’s investment objective will be achieved. The Fund may engage in other investment practices that may increase the risk of investment loss. An investor could lose all or substantially all of their investment. The Fund’s fees and expenses may be considered high and, as a result, such fees and expenses may offset the Fund’s profits. Diversification does not assure profit or protect against loss of capital. An investment in the Fund should be viewed as illiquid and requires a long-term commitment with no certainty of return. For a summary of certain of these and other risks, please see the Fund’s prospectus.​

There is no guarantee that any of the estimates, targets, or projections illustrated in these materials will be achieved. The market value of investments will fluctuate with, among other things, changes in market rates of interest, general economic conditions, economic conditions in particular industries, the condition of financial markets, and the financial condition of the obligors of the investments. Any references herein to any of the Fund’s past or present investments or its past or present performance have been provided for illustrative purposes only. Past performance does not predict future returns. It should not be assumed that these investments were or will be profitable or that any future investments by the Fund will be profitable or will equal the performance of these investments. These may include estimates, projections and other “forward-looking statements” within the meaning of the federal securities law. While the information and statistical data contained herein are based on sources believed to be reliable, the Fund does not represent that these are accurate and they should not be relied on as such or be the basis for an investment decision. ​

These materials, and the information contained herein, do not purport to be complete and no obligation to update or otherwise revise such information is being assumed. Nothing shall be relied upon as a promise or representation as to the future performance of the Fund. ​

Opinions expressed reflect the current opinions of the Fund, the Adviser and Manulife | Comvest Credit Partners as of the date appearing in the materials only and are based on our opinions of the current market environment, which are subject to change. Certain information contained in the materials discusses general market activity, industry or sector trends, or other broad-based economic, market, or political conditions and should not be construed as research or investment advice. There can be no assurances that any of the trends described herein will continue or will not reverse. Past events and trends do not imply, predict, or guarantee, and are not necessarily indicative of, future events or results.​

Investments in middle-market loans are subject to certain risks. Please consider all risks carefully prior to investing in any particular strategy. These investments are subject to credit risk and potentially limited liquidity, as well as interest rate risk, currency risk, prepayment and extension risk, inflation risk, and risk of capital loss. Diversification may reduce risk but is not guaranteed to protect against loss.​

Alternative investments are often speculative, typically have higher fees than traditional investments, often include a high degree of risk, and are suitable only for eligible, long-term investors who are willing to forgo liquidity and put capital at risk for an indefinite period of time. They may be highly illiquid and can engage in leverage and other speculative practices that may increase volatility and risk of loss.​

This material is not intended to be a recommendation or investment advice, does not constitute a solicitation to buy, sell or hold a security or an investment strategy, and is not provided in a fiduciary capacity. The information provided does not take into account the specific objectives or circumstances of any particular investor or suggest any specific course of action. Financial professionals should independently evaluate the risks associated with products or services and exercise independent judgment with respect to their clients. Past performance is no guarantee of future results. Actual results may vary. Diversification does not assure profit or protect against loss of capital.​

Distributed by John Hancock Investment Management Distributors Inc. Comvest Credit Managers LLC, the Adviser to C-VEST, is a registered investment advisor and an affiliate of John Hancock Investment Management Distributors LLC.​

Forward Looking Statements​

Statements contained in these materials (including those relating to current and future market conditions and trends in respect thereof) that are not historical facts are based on current expectations, estimates, projections, opinions, and/or beliefs of the Fund or Manulife | Comvest Credit Partners. These forward-looking statements are not historical facts, but rather are based on current expectations, estimates and projections about us, our current and prospective portfolio investments, our industry, our beliefs, and our assumptions. Words such as “anticipate”, “believe”, “continue”, “could”, “estimate”, “expect”, “intend”, “may”, “plan”, “potential”, “project”, “seek”, “should”, “target”, “will”, “would”, or variations of these words and similar expressions are intended to identify forward-looking statements. The forward-looking statements contained in this advertisement involve risks and uncertainties.​

Although we believe that the assumptions on which these forward-looking statements are based are reasonable, any of those assumptions could prove to be inaccurate, and as a result, the forward-looking statements based on those assumptions also could be inaccurate. Important assumptions include our ability to originate new loans and investments, certain margins and levels of profitability, and the availability of additional capital. In light of these and other uncertainties, the inclusion of a projection or forward-looking statement in these materials should not be regarded as a representation by us that our plans and objectives will be achieved. These risks and uncertainties include those described or identified in “Risk Factors” in the Fund’s prospectus. You should not place undue reliance on these forward-looking statements, which apply only as of the date of these materials. We do not undertake any obligation to update or revise any forward-looking statements or any other information contained herein, except as required by applicable law. The safe harbor provisions of Section 21E of the Securities Exchange Act of 1934 (the “Exchange Act”), which preclude civil liability for certain forward-looking statements, do not apply to the forward-looking statements in these materials because we are an investment company.

Summary of Risk Factors​

This product may be subject to market and other risk factors. See the Fund’s prospectus at jhinvestments.com for details. Investing in our Common Shares involves a high degree of risk. See “Risk Factors” in the Fund’s prospectus for further information. Also consider the following:

A renewed disruption in the capital markets and the credit markets could adversely affect our business.​

There is uncertainty as to the value of our portfolio investments because most of our investments are, and may continue to be, in private companies and recorded at fair value. In addition, the fair values of our investments are determined by our Adviser, subject to oversight by our Board, in accordance with our Valuation Policy (as defined below).​

Although we intend to implement a share repurchase program, we have discretion to not repurchase our Common Shares, and our Board has the ability to amend or suspend the program. You should not expect to be able to sell your Common Shares regardless of how we perform. You should consider that you may not have access to the money you invest for an extended period of time.​

Global economic, political, and market conditions, including downgrades of the U.S. credit rating, , may adversely affect our business, results of operations and financial condition, including our revenue growth and profitability.​

The advisor and its affiliates may maintain cash balances at financial institutions that exceed federally insured limits and may otherwise be materially affected by adverse developments affecting the financial services industry, such as actual events or concerns involving liquidity, defaults, or non-performance by financial institutions or transactional counterparties.​

Because we intend to distribute substantially all of our income to our shareholders to maintain our status as a RIC, we will continue to need additional capital to finance our growth. If additional funds are unavailable or not available on favorable terms, our ability to grow may be impaired.​

The Adviser’s liability is limited under the Advisory Agreement, and we have agreed to indemnify the Adviser against certain liabilities, which may lead the Adviser to act in a riskier manner than it would when acting for its own account.​

Our Board may change our investment objective, operating policies, and strategies without prior notice or shareholder approval, the effects of which may be adverse to your interests as shareholders.​

If we fail to maintain our status as a BDC, our business and operating flexibility could be significantly reduced, and we may be subject to numerous restrictions on our activities, including restrictions on leverage and on the nature of our investments.​

We may not be able to pay you distributions on our Common Shares, our distributions to you may not grow over time and a portion of our distributions to you may be a return of capital for U.S. federal income tax purposes.​

We may have difficulty paying our required distributions if we recognize taxable income before or without receiving cash representing such income.​

If we are not treated as a “publicly offered regulated investment company,” as defined in the Code, U.S. shareholders that are individuals, trusts, or estates will be taxed as though they received a distribution of some of our expenses.​

Changes in laws or regulations governing our operations may adversely affect our business or cause us to alter our business strategy.​

Internal and external cyber threats, disease pandemics, as well as other disasters could impair our ability to conduct business effectively.​

Our investments in portfolio companies may be risky, and we could lose all or part of any of our investments.​

Our investments in securities rated below investment grade are speculative in nature and are subject to additional risk factors such as increased possibility of default, illiquidity of the security, and changes in value based on changes in interest rates.​

The lack of liquidity in our investments may adversely affect our business.​

Price declines and illiquidity in the corporate debt markets may adversely affect the fair value of our portfolio investments, reducing our NAV through increased net unrealized losses.​

Economic recessions, downturns, or government spending cuts could impair our portfolio companies and harm our operating results.​

We use and expect to continue to use leverage, which will magnify the potential for loss on amounts invested in us. See “Risk Factors-Risks associated with leverage” in the Fund’s prospectus. ​

We may be subject to additional risks if we invest in foreign securities and/or engage in hedging transactions.​

The characterization of an investment as senior debt or senior secured debt does not mean that such debt will necessarily have repayment priority with respect to all other obligations of a borrower.​

We do not currently intend for our Common Shares to be listed on any national securities exchange. We do not anticipate that a secondary market for the Common Shares will develop and an investment in the Fund may not be suitable for investors who may need the money they invest in a specified timeframe.​

Neither the SEC nor any state securities regulator has approved or disapproved of these securities or determined if this prospectus is truthful or complete. Any representation to the contrary is a criminal offense. Securities regulators have also not passed upon whether this offering can be sold in compliance with existing or future suitability or conduct standards including the ‘Regulation Best Interest’ standard to any or all purchasers.​​​